The concept of annual recurring revenue (ARR) is important for subscription-based businesses, particularly those in the Software as a Service (SaaS) industry. Unlike total revenue, ARR specifically reflects the revenue from subscriptions. One example of a company leveraging ARR is the startup DePIN, which is in the final stages of deploying its mainnet product.
The company announced that it intends to convert its revenue into its native utility token ATH. With reported product revenue of $36 million, the startup aims to further expand its market presence as demand increases. It has identified a total addressable market (TAM) of over $30 billion across key sectors.
To achieve its goals, the Aethir team is focused on delivering various service models through its platform. This includes Infrastructure as a Service (IaaS) for clients seeking virtualized GPU instances and a Bare Metal model for those requiring dedicated GPU hardware for intensive tasks. The startup garnered support for its node sale from industry heavyweights such as Nvidia, HPE, and Foxconn.
On the Aethir platform, the native token ATH has multiple use cases, including staking on Ethereum and for payments and network rewards on the Layer-2 network Arbitrum. With a total token supply of 42 billion, the price of ATH was around $0.0824 on a recent Tuesday morning.